PJM FTR Trader

PJM Congestion Trader

Location: Houston, TX

About the Role

We are seeking a highly motivated PJM Congestion Trader to join a growing power trading team in Houston. This individual will be responsible for identifying, analyzing, and executing congestion trading opportunities across the PJM market, with a focus on maximizing P&L through virtuals, FTRs, and congestion-related strategies. The ideal candidate will have approximately 5+ years of experience in power markets and strong expertise using Dayzer for market analysis and trade development.

Key Responsibilities

• Develop and execute congestion trading strategies across PJM markets.
• Analyze transmission constraints, outage schedules, generation dispatch, load forecasts, and market fundamentals to identify profitable opportunities.
• Utilize Dayzer to perform nodal analysis, forecast congestion patterns, and evaluate transmission system impacts.
• Participate in FTR auctions and assess auction opportunities relative to expected congestion outcomes.
• Monitor real-time and day-ahead market activity, adjusting positions as market conditions evolve.
• Build and maintain analytical models to support congestion forecasting and risk management.
• Collaborate with quantitative analysts, traders, and market fundamentals teams to improve forecasting accuracy.
• Track trading performance and communicate market views, trade rationale, and risk exposures to management.
• Stay current on PJM market rule changes, transmission projects, and regulatory developments that may impact trading strategies.

Qualifications

• Bachelor's degree in Finance, Economics, Engineering, Mathematics, Energy Management, or a related field.
• Minimum 5 years of experience trading or analyzing congestion within PJM power markets.
• Demonstrated success generating P&L through congestion trading, FTRs, virtuals, or related power market products.
• Advanced proficiency with Dayzer, including transmission, outage, and congestion analysis.
• Strong understanding of PJM market structure, nodal pricing, transmission systems, and power flow dynamics.
• Experience with data analysis tools such as SQL, Python, Tableau, or Excel.
• Excellent quantitative, analytical, and risk management skills.
• Strong communication and teamwork abilities within a fast-paced trading environment.

Preferred Qualifications

• Experience managing a proprietary congestion trading book.
• Knowledge of neighboring ISOs/RTOs, including ERCOT, MISO, or SPP.
• Ability to automate data workflows and develop proprietary market analytics.

Compensation

• Competitive base salary and discretionary bonus structure, commensurate with experience and demonstrated trading performance.
• Comprehensive benefits package including medical, dental, vision, 401(k), and other employee benefits.

This position offers the opportunity to play a key role in a high-performing power trading organization with direct exposure to PJM markets and significant growth potential.